EVE (NYSE:EVEX) Hits New 1-Year Low – Here’s Why

Eve Holding, Inc. (NYSE:EVEX)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $2.81 and last traded at $2.84, with a volume of 123128 shares trading hands. The stock had previously closed at $2.92.

Wall Street Analyst Weigh In

EVEX has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of EVE in a report on Monday, December 1st. They set a “neutral” rating and a $4.84 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EVE in a research report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, EVE presently has a consensus rating of “Hold” and an average target price of $6.47.

EVE Stock Performance

The business has a 50-day moving average of $3.74 and a two-hundred day moving average of $4.07. The company has a debt-to-equity ratio of 0.91, a current ratio of 5.21 and a quick ratio of 5.21. The company has a market cap of $1.01 billion, a P/E ratio of -4.45 and a beta of 0.88.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kapitalo Investimentos Ltda grew its holdings in EVE by 120.0% in the third quarter. Kapitalo Investimentos Ltda now owns 1,100,000 shares of the company’s stock worth $4,191,000 after purchasing an additional 600,000 shares during the last quarter. Sagil Capital LLP purchased a new stake in shares of EVE during the 2nd quarter valued at $1,908,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of EVE in the 3rd quarter worth $2,244,000. Itau Unibanco Holding S.A. grew its stake in EVE by 236.9% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 80,000 shares of the company’s stock worth $549,000 after buying an additional 56,252 shares during the last quarter. Finally, AXQ Capital LP grew its stake in EVE by 32.6% during the 3rd quarter. AXQ Capital LP now owns 14,211 shares of the company’s stock worth $54,000 after buying an additional 3,490 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

EVE Company Profile

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.